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Last month, I dug into Satoshi's code and the VERY early days of Bitcoin.
Here are 10 lesser-known and counter-intuitive facts that blew my mind 🤯
Alex Waltz
39.1K posts
Alex Waltz
@raw_avocado
Bitcoin Researcher & Filmmaker. | Portfolio: alexwaltz.com
y² = x³+7
Joined March 2016
- 1/12 ⚛️I made my own Quantum Random Number Generator. It uses radioactive decay to generate entropy for #Bitcoin seeds. I used: - Americium 241 from a Smoke Detector - RaspberyPi - Geiger counter - Audio interface. Entropy is what makes a bitcoin your bitcoin. 🧵Thread👇
- 1/11 Before launching Bitcoin on 8 Jan 2009 Satoshi had an early version coded. Known as the November 2008 Version. Different block time, reward, difficulty adjustment, and more. Here are the 10 changes he made to what became Bitcoin as we know it today. 🧵Thread👇
- Did you know the 1st #Bitcoin client did not start mining until another peer joined the network? This shows that NOT even the 1st block was pre-mined in Bitcoin.
- Ethereum is a dumbster fire of a project. A client bought USDC from us, well in order to send USDC you need ETH. Ok, no worries, i ll get some ETH. The transactionf fee eth are: - $10.52 Economy - $15.81 Regular - $21.05 Fast How come no one is talking about this?
- 1/7 I'm making a documentary! Satoshis Don't Exist. The film will explore the counterintuitive and obscure design choices of #Bitcon and how this affects how we built things on top of Bitcoin.
- 1/31 The Difficulty Adjustment is the great missing innovation that made #Bitcoin work. While it ensures that Bitcoin's supply is predictable it also is a: - fundamental security mechanism - self-regulating mechanism - crucial consensus component 🧵Thread👇
- Running a node is like talking with God. Not running a node is like asking a priest what God says.
